This information has been updated as of August 14, 2024.
There are presently 6,331 properties listed for sale, inside the valley. . There are 2,874 properties in escrow. 2,577 properties closed escrow over the last 30 days. That is around a 1/2 month inventory at the present rate of sale. The National Association regards a 5 to 6 month supply of inventory as about standard. Short analysis. Sales are stable , prices are stable over the last few months.
The median new home price at the time of this writing, for a free-standing home is $509,000. There are now around 300 active subdivisions. Sounds like a lot, but in 2005-2006 there were around 1,200. New homes are now approximately 22% of the market. A few years ago new homes sold at about the same rate as re-sales. 40% of all listed properties are represented as vacant (note that historically, this figure has been in the 41% range for the last number of years). Just over 17% are tenant occupied.
8625 S. Eastern Ave. - Las Vegas, NV 89123 - Contact Me
